List of Top 10+ PLM Software of 2023 (Free & Paid)

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Companies involved in physical production have to look beyond and consider the overall customer experiences as well. Product lifestyle management is the key principle that not only provides companies the right infrastructure but also means to improve product quality for utmost consumer satisfaction. Product lifestyle management software is a digital advancement evolved today which manages complex strategies involved in producing excellent quality products. This involves the automation of the manufacturing process and reducing the production cycle that will enable to achieve profitability and process efficiency. In today's world when demand is higher for a variety of good and delivered globally, production units have to compete with themselves without compromising product quality. The desire to achieve betterment goals in this commercial climate has led to the implementation of PLM software.

If your business is looking ahead to build a PLM strategy to develop manufacturing skills, design better products and increase overall revenue by achieving customer satisfaction, then this PLM guide will help you achieve your goals;

What is PLM (Product Lifecycle Management) Software?

Product lifestyle management software is an informative, integrated, advanced and a futuristic progressive approach to all the aspects of a product. PLM software integrates organization data, business processes, and external systems, design inception of products, manufacturing, maintenance, and deployment to its final dispersal. Nowadays, PLM system is actively used by mechanical engineering works, fashion industries, electronic manufacturers, retailing business houses, and small production industries.

PLM software is used to automate the manufacturing process by integrating data involved in the business processes such as manufacturing execution system and Enterprise resources planning. Manufacturers implement PLM in their system to handle the production process and conquer the competitive market without compromising on quality yet increasing overall revenue.

List of Top Rated PLM Software in 2023

1. Siemens Teamcenter

» About Siemens Teamcenter:

Teamcenter is considered the best, adjustable PLM software in today’s times. Utilizing the digital thread, this PLM tool works as a link between working silos and humans for ingeniousness. There are various benefits associated with this tool. You can finish each challenging problems that are required for creating top-notch products. This is because of the Teamcenter’s portfolio that consists of unmatched depth and breadth. This Siemens PLM tool has a highly convenient user interface, which helps in easing the complete process of product development for people who use it across the organizations. The Teamcenter tool takes care of every control for product data and processes such as electronics, 3D designs, documentation, embedded software, and billing materials (BOM.)

You can reach to higher ROI with this PLM systems and leverage product information throughout your departments and domains like quality, manufacturing, supply chain, cost engineering, service, and compliance. It has extreme flexibility in adapting business management and changes for product development. Teamcenter is also equipped with “CAPA – Corrective And Preventive Actions” and quality issue management, which enhances the complete quality of the product lifecycle. Capture defects, non-conformance, and complaints of your organization with this tool – simply include high-quality, venture teams in the PLM system.

» Starting Price

› Contact Siemens PLM Software for pricing details.

» Siemens Teamcenter Features:

• Change Management
• Project Management
• Supplier Management
• Compliance Management
• Design Management
• Requirements Management

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» Capterra: 4.4/5                                  » G2crowd: 3.7/5                                     » GetApp: 4.4/5

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“With organized administration of all components and utilization across systems, Teamcenter reduces design cycles. The time gained is put to good use and helps us to better achieve our goals.”
- Gernot Bernert / Executive Board Member and Technical Director Hagleitner Hygiene International GmbH

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2. PTC Windchill PLM

» About PTC Windchill PLM:

Designed and developed by PTC, the PLM software Windchill has pioneered the PLM software industry. Its open architecture allows integration with new systems of the organizations quickly and conveniently. You can enlarge admittance to valued software data to shareholders who do not utilize PLM tools while evading complications and over-customization with the comprehensive and highly-configurable role, innovative functionality, and task-based apps. This PLM tool offers a solid foundation for the smart, connected organizations for producers boarding on the digital revolution. It is better than the other product lifestyle management software.

Manufacturers enabling an informational digital thread can construct a digital twin, invest in IoT technology, and influence AR for high-ranged collaboration. You can also explore innovative design and additive manufacturing. This PLM software solution can be used for various functioning such as software development, product design and development, manufacturing process, MBSE, service management, systems engineering, and more; it doesn’t matter what engineering department you belong to. These PLM tools will improve your work effectiveness, unify your stakeholders, and enhance your time-to-market and quality. It is a closed-loop product lifestyle management system that can concurrently plan, design, and develop products keeping your information up-to-date. Using this PLM software for small business, you can quickly review the product designs, especially the AR designs of your organization.

» Starting Price

› Contact PTC Windchill for pricing details.

» PTC Windchill PLM Features:

• Change Management
• Cost Tracking
• Document Management
• Project Management
• Supplier Management
• Compliance Management
• Design Management
• Product Data Management
• Requirements Management

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» Capterra: -                                  » G2crowd: 3.8/5                                     » GetApp: -

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“The most useful thing is the regular updates which are very useful to work with. Moreover Windchill has an easy way to configure things at administrator end which makes it easy to deploy and use.”
- Arun R / Team Lead

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3. Upchain

» About Upchain:

The Upchain cloud-based product lifestyle management software is designed for modern-style manufacturing. You can use this for real-time, secure connections with everyone that you want and collaborate with them worldwide. This free PLM software helps you in managing products from start to finish. Integrate your data, systems, and workflows throughout the value chain and fuel collaboration. You can then drop your new product development’s cost with this tool – the process becomes speedy, convenient, and simplified. The cloud PLM is the new future of organizations; it can help you in closing feedback loops and gathering data for new product development from the IoT.

You can also do many other things with this PLM software for small business – link the BOM and CAD metadata together, manage workflows that businesses require to get products into the market, manage data of the product that move development lifecycle stages, and hook-in stakeholders and AUX suppliers. You can plan and develop innovative products using CAD software. This product lifecycle management software helps in delivering different types of products into the market – this means your organizations get hands-on a lot of providers. Additionally, after launch, this PLM software solution can help you in processing the market’s feedback for your design and manufacturing processes.

» Starting Price

› $20.00/month/user (Participant: $20/user Team: $50/user Professional: $150/user)

» Upchain Features:

• Change Management
• Cost Tracking
• Document Management
• Project Management
• Supplier Management
• Compliance Management
• Design Management
• Product Data Management
• Requirements Management

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» Capterra: 4/5                                  » G2crowd: 4.4/5                                     » GetApp: 4.1/5

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“Before Upchain, we had a non-professional paper trail and design control. Now, our design work is like how we do things in our factory — standardized and repeatable. We needed a standard way to make a design, and Upchain provided that solution.”
- Tyson Proffitt / Design Engineer, Ceramaspeed

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4. Autodesk Fusion Lifestyle

» About Autodesk Fusion Lifestyle:

Autodesk is among the top PLM systems that can accelerate your product development process across various locations and departments using workflow automation and timely delivery. You can get access to the data you require – anytime, anywhere, because this product lifestyle management software is cloud-based. Are you confused about your things stalling? You can eliminate the bottlenecks as this software can aid your company in defining and automating procedures when keeping the workflow and product development, both together on the track. You can also take control of the revolution, especially if you are struggling with emails and spreadsheets. You can keep track of your product designs and the changes happening using this PLM tool.

You can always keep yourself up-to-date on your status. Also, with this product lifestyle management system, you can configure the process workflow that is associated with NPI. This tool also helps in enhancing introductions and launching of new products by avoiding delays that happen through costly launches – you can now stay within your set-budget with NPI. You can also download the datasheet with ease; the graphical representation can be easily visible to everyone in the organization to ensure a 100% alignment. Additionally, you can swiftly identify, find solutions, and avoid expensive launches with the status monitoring feature.

» Starting Price

› $20.00/month/user (Participant: $20/user Team: $50/user Professional: $150/user)

» Autodesk Fusion Lifestyle Features:

• Change Management
• Cost Tracking
• Document Management
• Project Management
• Supplier Management
• Compliance Management
• Design Management
• Product Data Management
• Requirements Management

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» Capterra: 4.7/5                                  » G2crowd: 4/5                                     » GetApp: 4.6/5

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“Fusion Lifecycle gives us the transparency we needed to track projects and products throughout their lifecycle. We now have a clear understanding of each product’s stage in development, which helps us ensure we can deliver on time.”
- Wendy Karem / Senior Logistics Analyst

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5. Lascom

» About Lascom:

Are you in search of crucial product lifestyle management tools? Lascom is what you need – a cost-effective and efficient solution to all your product development needs. It integrates data, processes, documents, and people, becoming the backbone of the organization. There are various benefits associated, which include it can speed-up the process of product moving time to the market easing the process of new product development. It connects all the units of the enterprise and enforces collaboration, reducing the time and cost of the complete process. It helps in improving overall business communication. This software has a built-in solution for product innovation to conduct best practices in the industry.

Lascom PLM software for small businesses allows you to solve comprehensive challenges swiftly and supports step-by-step product development and another business process. It also allows enterprises to manage the lifecycle of business products, enterprise projects, and various departmental programs. Lascom PLM systems can help you in accelerating project creations, speeding up time-to-market, and managing business risks. This software is user-friendly and supports various to all sectors associated with the company, which includes quality control, marketing, procurement, R&D, and compliance management. Lascom PLM tools provide you the allowance of knowledge and data consolidation for all departments.

» Starting Price

› $2200.00/month/user (Includes licences and implementation services Perpetual or leasing options)

» Lascom Features:

• Change Management
• Cost Tracking
• Document Management
• Project Management
• Supplier Management
• Compliance Management
• Design Management
• Product Data Management
• Requirements Management

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» Capterra: -                                  » G2crowd: -                                     » GetApp: -

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“We wanted something that truly helps with project management, encompasses every aspect of product development, is intuitive for the users, is web-based and can scale up with us. We saw Lascom could offer us all of that!”
- Brian Martin / IT Product Leader at Scoular

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6. Propel

» About Propel:

Propel is one of the product lifecycle management tools that can fast-track your time-to-market and respond to the ever-changing industrial conditions. It aids your organization with 100% data visibility, access control, collaboration across your enterprise, and integrated analytics. You can break existing functional silos and make informed venture decisions using this software and connecting systems, people, and processes. You can swiftly make vital improvements in consumer adoption rates; you can also acquire products to market faster than other organizations by switching contextual data of all sectors teams such as service, production, and sales.

You can get solutions to businesses’ product versions with reduced design and development timelines with high-end flexibility, greater productivity, and higher visibility than ever before. You can redline product attributes graphically, which includes pricing, BOMs, configuration rules, and product catalog attributes. You can compare, revise, and retain variant-range of workstreams without workflow breakage. This product lifestyle management system also offers other product services such as BOM management, engineering change management, and project and task execution. BOM management includes sharing the latest BOM hierarchical information and conveniently collaborating with suppliers. It also includes planning and visualizing product features and other options. This tool also supports managing your company’s ECO effectively.

» Starting Price

› $90.00/month/user

» Propel Features:

• Change Management
• Cost Tracking
• Document Management
• Project Management
• Supplier Management
• Compliance Management
• Product Data Management
• Requirements Management

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» Capterra: 5/5                                  » G2crowd: 4.2/5                                     » GetApp: 5/5

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“I've used PLM systems for more than 20 years, and Propel continues to be a leader with its flexible and easy solution. Propel is helping Desktop Metal manage very complex and advanced products that will change how engineers bring products to market.”
- Matt Verminski / VP of Engineering Desktop Metal

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7. Aras PLM

» About Aras PLM:

Aras PLM software allows your organization to thrive in a turbulent business environment by reducing implementation pricing, making it flexible, sustainable, and agile. It allows you to prepare your departments for future disrupting innovation. This PLM tool was different from the other product lifestyle management software and allows business solutions that are tailored as per your needs. It follows the OPEN, FLEXIBLE, SCALABLE, and UPGRADEABLE theory. Open means an open downloadable architecture and system, which is 100% community collaborated and transparent. Flexible means model-based technology, which enables easy changes in business platforms. Scalable means secure networking between all departments of the enterprise and the product lifecycle. The software provides continual development and upgrades options during all types of customization and changes.

With the Aras product lifestyle management PLM, you can avail various product lifecycle and business solutions including product engineering, change management, requirements engineering, technical publications, maintenance management, officer connectors, PDM and PLM integration, reporting and supplier collaboration, component engineering, workflow and configuration management, stimulation management, BOM, enterprise search, quality management systems, CAD connector framework, visual collaboration, dynamic product navigation, program management, and manufacturing product planning. You also get access to various social platforms such as blogs, forums, Aras community, subscription portal, and more.

» Starting Price

› $0.01/month

» Aras PLM Features:

• Change Management
• Cost Tracking
• Document Management
• Project Management
• Supplier Management
• Compliance Management
• Design Management
• Product Data Management
• Requirements Management

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» Capterra: 4/5                                  » G2crowd: 3.9/5                                     » GetApp: 4/5

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“It's made my job a lot easier. It keeps everything organized and it also is structured the way costing and pricing is done.”
- Christel F. / Financial (pricing) Analyst

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8. Centric PLM

» About Centric PLM:

If you are using Centric PLM, then you are in a good company. It is the world’s leading companies that offer PLM software solutions for variant industries; these including fashion, footwear, retail, outdoor, luxury items, consumer goods, and more. This software allows you to drive collaboration of your company, cut-down time-to-market, and reduce overall costs as it empowers companies with its digital transformation systems. It offers enterprises to launch products with cutting-edge innovations that are market-driven and have the fastest timing for industry value.

Centric PLM has the highest user adoption ratio and customer satisfaction when compared to the other PLM solutions available in the market today. It enhances product innovation, accelerates new product launches, and improves organizations’ efficiency. Not to mention, various industry giants use this PLM tool; namely, Volcom, Tesco, Amora.com, Louis Vuitton, Swarovski, Asics, Anta, and the list can go on. There are reasons why these giants choose Centric for product lifestyle management systems. Centric PLM provides several product solutions, which include digital transformation solutions, Centric 8 Flagship PLM, Centric VIP: Digital Boards, Centric PLM mobile apps, Centric SBM – PLM for emerging brands, New: AI for PLM, Agile deployment, and Cloud-based Native solutions.

» Starting Price

› Contact Centric PLM for pricing details.

» Centric PLM Features:

• Change Management
• Cost Tracking
• Supplier Management
• Compliance Management
• Design Management
• Product Data Management

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» Capterra: 4.5/5                                  » G2crowd: -                                     » GetApp: 4.5/5

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“We wanted a better overview of production schedules as well as development schedules, and centric plm has made it happen.”
- Marco Hühn / Quality Manager at Deuter

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9. Epicor PLM

» About Epicor PLM:

Epicor is a pioneer Product Lifecycle Management (PLM) that seamlessly assimilates your organization’s product lifecycle management processes (all of them), including design, development, services, sales, customer support, and more. It is an ideal PLM system for mid-sized and small business manufacturers as you can automate your enterprise’s essential tasks and processes. The processes include engineering change orders, requests, and notifications – ECO, ECR, and ECN; however, you may have to operate a few of them manually. You get the opportunity to optimize all phases of your product lifecycle management with the Epicor PLM, such as the implementation of product data backbone, automation of change order process, management of technical documentation, automation of tasks and processes, and multiple-location integration and operation.

These product lifecycle management tools may be used for various business management platforms such as distribution ERP, building and lumber material ERP, manufacturing ERP, and retail management – all this is cloud-based. All the industries are severed with systems that fulfill various product processing and business needs such as cloud business management, supply chain management, manufacturing execution system, financial management, scheduling and planning, enterprise content management, business intelligence and analytics, payment process management, data management, eCommerce and sales-point, customer relationship management, service management, and production management.

» Starting Price

› Contact Epicor PLM for pricing details.

» Epicor PLM Features:

• Change Management
• Cost Tracking
• Document Management
• Project Management
• Supplier Management
• Compliance Management
• Design Management
• Product Data Management
• Requirements Management

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10. BlueCherry

» About BlueCherry:

BlueCherry product lifestyle management software is one of the best-in-class PLM tools for limited, yet specific high-end operating industries. These industries include apparel, footwear, lifestyle, and accessories. It can be customized and configured as per your requirement and provides innovative solutions. It provides a comprehensive set of skills to manage the complete process of the product lifecycle. It is a concept-to-consumer PLM system and empowers organizational teams to work speedily, make correct business decisions, and acquire competitive business advantage across various sectors. This tool allows you to deliver your apparel, and fashion accessories on time, with the latest trend settings, and within a set-budget, and all of this with remote collaboration and convenient mobility.

You will be able to meet the fashion industry’s high-pace environment and competition, and deliver innovation, valued product solutions, all together. Your global supply chain operating in real-time will be able to respond with higher efficiency and profitability, greater agility, and a clearer understanding of production processes than ever before. Using the PLM systems, you have the opportunity to deliver improved product design and development solutions along with the latest sourcing services within a set lead time and reduced marketing costs. It will also allow you to increase collaboration within different departments helping you to succeed in the Omni-directional working environment.

» Starting Price

› Contact BlueCherry for pricing details.

» BlueCherry Features:

• Change Management
• Cost Tracking
• Document Management
• Project Management
• Supplier Management
• Compliance Management
• Design Management
• Product Data Management
• Requirements Management

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» Capterra: 4.2/5                                  » G2crowd: -                                     » GetApp: 4.2/5

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“One of the best things about BlueCherry is its flexibility. I have worked for 3 very different apparel companies over the last 19 years, and each one has used BlueCherry in its own unique way. The product is flexible enough to use its multitude of functionalities to support existing business processes and also structured well enough to build business processes around.”
- Jennifer / Senior Manager of Business Applications Apparel & Fashion

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11. FusePLM

» About FusePLM:

FusePLM is an intuitive UX PLM system were setting up is a breeze. Organizations can become operational in just one day. You can use cards to process workflows with a completely fresh approach – simply drag and drop your cards to alter the product’s state. The PLM tool provides a user-friendly impact visualizer, which allows you to access the change impact of your product swiftly. Another feature of this system is the import manager – it allows secure, simplified importing and exporting of product data and information. You can export the BOMs data and all additional product data in Excel format (.xls, .csv, or .xlsx) through a step-wise procedure. Overall, this allows the workforce to save time in importing and exporting documentation. Third feature – PLMBot enforces AI to perform challenging PM tasks with ease.

The PLM tools are built on a secured full-cloud-based AWS platform; it is 100% reliable, secure, and scalable; thereby, it aids in reducing the immediate operational costs of your company. The complete package improves the overall performance of the supply chain within the organization and outside departments. With this PLM system, you can build a high-end product that reaches the market faster than ever before. You can under the strict schedules be able to make required customizations. The complete management of the product lifecycle becomes easy once you inhibit this product lifestyle management PLM.

» Starting Price

› $20.00/month/user

» FusePLM Features:

• Change Management
• Document Management
• Supplier Management
• Product Data Management
• Requirements Management

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» Capterra: 5/5                                  » G2crowd: 3.8/5                                     » GetApp: 5/5

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“We were looking for something easy to use that would allow us to manage our BOMs at a reasonable price, that did not require months of expensive migration and training, and was cloud-based. FusePLM fills the niche for small engineering firms like ours. The support has been outstanding.”
- John Ellis / Engineering Manager - A weather technology company

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12. SAP PLM

» About SAP PLM:

SAP PLM systems offer you an intelligent way to innovate your products and bring unimaginable success to your organization. You can avail several benefits of this product lifestyle management software such as project portfolio management, product costing, commercial project management, and product engineering. Project portfolio management includes comprehensive portfolio management and resource optimization and management service. Product costing includes cost simulation and calculation, data extensibility and modeling, and other comprehensive pricing features. The commercial project management includes workspace – shared project, price and revenue planning, and change and issues management. The product engineering includes authority tools interface, all-inclusive features for integration, and AI process support.

SAP product lifestyle management (PLM tools) serve several industries for product management solutions. Some of them are natural and energy resources, banking and insurance, fashion, consumer goods, lifestyle, life sciences, wholesale distribution, aerospace and defense, industrial machinery, automotive, engineering and construction, aerospace, research and development, healthcare, future cities, defense and securities, higher education, and other discrete sectors. If you are a smart enterprise, then start your journey of transformation in your respective industry. The SAP PLM provides services that are driven by intelligent technologies for best business practices, which can allow your organization to operate extra-ordinarily.

» Starting Price

› Contact SAP for pricing details.

» SAP PLM Features:

• Change Management
• Document Management
• Project Management
• Supplier Management
• Compliance Management
• Product Data Management
• Requirements Management

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» Capterra: 4.4/5                                  » G2crowd: 3.5/5                                     » GetApp: 4.4/5

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"Maintains Formulation and Recipe are best in SAP PLM. This toll is very good for FMCG where we need to maintain many folmuas . good in maintaining Bill of Substance.”
- Mohit A. / Associate Manager

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13. ENOVIA

» About ENOVIA:

Define your organizational success with ENOVIA PLM software solutions. Learn, invent, produce, and trade with the new, innovative methods – both virtual and real of visualizing the industrial world. This software brings forward a wide range of openings to deliver business innovations and products that are transformational. This will create a dreamlike experience for your customers. The PLM systems allow you to innovate and collaborate with technical and business applications for organizations as well as end-users throughout the enterprise. It will help you to execute and build a successful product management plan, which is flexible and offers long-lasting optimization in a real-time process. You can also track the changes, progress, and compliance standards along with regulations that can allow the transformation of market opportunities with overall industrial benefits.

ENOVIA PLM tools provide organizations (small and mid-sized) opportunities such as business applications and product lifecycle management (PLM) on the 3DEXPERIENCE platform to discourse processes, products, and enterprises with complex challenges and help them to acquire endless success. The brand consists of two major products – VPLM and SmarTeam. VPLM is a heritage application that offers a streamlined, comprehensive approach to manage maturation and the creation of virtual product management. SmarTeam is a PDM software that supports departments of engineering in small to mid-size organizations.

» Starting Price

› Contact ENOVIA for pricing details.

» ENOVIA Features:

• Change Management
• Cost Tracking
• Document Management
• Project Management
• Supplier Management
• Compliance Management
• Design Management
• Product Data Management
• Requirements Management

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"Easy to create different types of objects and control them through a customized policy. The software offers a great security and access control to the desired model for each single and specific design.”
- Celine E. / Business development manager

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14. Oracle Agile

» About Oracle Agile:

Are you searching for a software that enhances your product value chain management? Agile product lifecycle management software is a perfect option among the PLM tools available in the market these days. Challenges in product management and organizational requirements are increasing day-after-the-other. This PLM system can help you in innovating profit-based, comprehensive solutions to centralize efficient product data and information, streamline business processes, and launch top-quality products at a high pace. There are various benefits associated with this tool. Companies can accelerate product innovation processes and maximize profits and revenues.

Enterprises use this software to maintain, change, and manage product records and documentation with ease. It can also aid you to improve your product design, development, promotion, and support. This tool is primarily used to optimize product networks worldwide. Several software solutions are launch by Agile to aid business processes in small, mid-size, and large-scale organizations. The tool is cloud-based it can offer real-time management solutions. These include product collaboration, product quality management, product portfolio management, product compliance and governance, engineering and collaboration, and Oracle product lifecycle analytics. It covers mostly all types of industries such as finance, automotive, construction and engineering, hospitality, healthcare, high technology, life sciences, industrial manufacturing, and more.

» Starting Price

› Contact Oracle for pricing details.

» Oracle Agile Features:

• Cost Tracking
• Design Management
• Requirements Management

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» Capterra: 4.2/5                                  » G2crowd: 4/5                                     » GetApp: 4.2/5

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"Best in class PLM system with super easy usage. Product extensions which can be used to provide added functionalities on top of all the gamut provided by Oracle Agile PLM.”
- Mukul K. / Deputy Manager

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15. Arena PLM

» About Arena PLM:

Arena product lifestyle management (PLM) software is a cloud-based system that leads the market in today’s times. This is a widely used tool, which is used more than any other similar versions from different brands. The product thrive in helping organizations to create high-quality, compliant products that offer cutting-edge solutions to acquire competitive success in the global economy today. It offers rationalized product management processes, lowest ownership costs (TCO,) reduced safety risks, and improved collaboration of supply chain management. This PLM tool offer several associated advantages. These benefits include BOM management, document management, collaboration solutions, change management, project management, training management, demand analysis, quality management, requirements management, enterprise integration, product analysis, compliance management, item management, and validation maintenance.

The Arena PLM software addresses various industry and product management challenges such as procurement, supply chain, operations, and product engineering. The tool gathers product processes, people, and information into a simple service to speed-up the complete process of realization. It becomes easy for your organization to organize, construct, and utilize this cloud-based PLM tool. Although it is not a free PLM software, it is fast, affordable, and accessible. The system mainly covers electrical and mechanical industry giants to provide high-quality product management solutions.

» Starting Price

› Contact Arena PLM for pricing details.

» Arena PLM Features:

• Change Management
• Cost Tracking
• Document Management
• Project Management
• Supplier Management
• Compliance Management
• Design Management
• Requirements Management

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» Capterra: 4.1/5                                  » G2crowd: 4.1/5                                     » GetApp: 4.1/5

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"In today’s product development environment, the one thing you can be sure of is that, sooner or later, you will be partnering with folks well outside your time zone… Make sure your tool supports this global reality.”
- David Sangster / SVP of Operations Nutanix

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What are the benefits of using PLM Software?

› Faster production

PLM system software is integrated to create automatic designs. The software processes design that is quick, easy, requires low cost, and fulfils consumer demands. The computer-aided functionality aids in faster production by eliminating manual designing and development process.

› More accurate production

PLM tools are designed to produce accurate designs. The tools offer an exclusive advantage to the users to custom design their product or stimulate test design before production to achieve the best quality.

› More efficient production

PLM provides a healthy work environment by opening the perspective of better communications. Users can easily interact with designers and co-workers throughout the organization to share designs, forecast production, and discuss important data. The automatic work process and healthy environment lead to efficiency in production with an emphasis on detail.

What are the features of PLM Software?

› Secure online environment

The features of PLM software may differ from vendor to vendor and according to the business demands. However, what remains the same in all versions of PLM system software is its ability to increase production efficiency and better work process. Here are the features that make a difference in building a competitive platform for manufacturing business.

› Computer-aided design(CAD)

CAD is a multi-dimensional drawing tool which aids the efficiency of designing. The software works faster than the professionals who draw and design by hands. CAD produces accurate design at a lesser time and allows the engineers to reuse and recreate designs by updating them as required.

› Computer-aided Engineering (CAE)

CAE is an essential feature that simulates products, build preliminary designs, and create a safer work environment. This feature anticipates weakness and finite element analysis, fluid dynamic analysis to induce sound assets structure for the business.

› Manufacturing process management (MPM)

MPM is another important characteristic that is induced in every PLM tools irrespective of what vendor you choose. MPM automates manufacturing process that takes place using machinery. This process supports various reporting functions which enable lesser lead time and utilization of inventories rightly.

› Product Data Management

PDM is a central repository function that deals in product designing, consumer requirement, data collection, and security features. PDM modules are accessible from any devices and are maintained by the production manager to handle billing process, suppliers of material data, information data, machine process, and other minute details that are involved in manufacturing.

› Reporting and analysis

PLM solutions are not only production management software but an advanced analytical tool that takes care of inventories, time, and cost involved in manufacturing a high-quality designer product. Some of the PLM tools are equipped with this in-built feature that keeps a track of overshooting cost and provide ad hoc reporting which can be easily customized as per requirements.

Why should a business implement PLM software?

PLM solutions have brought a drastic change in the competitive market and have opened gates for the business to achieve goals. PLM software has enabled a truly global collaborative work process environment for a retail and manufacturing business that specifically deals in tailor-made consumer items like fashion apparels, accessories, footwear, electrical appliances, and others. PLM solution reduces the overall costs by eliminating the need for sampling and simultaneously speeding the designing process. The prospective consumer is now left with a variety of choices, with all the scope of information that is needed to short-list, examine, and select the best suitable item. Although it may be a daunting task for the customer, they will be amazed by the choices offered to them. PLM software can help the company to manage its product lifecycle by providing data warehouse which majorly affects the product. The main goal of implementing Product Lifecycle Management tools is to eliminate waste, improve efficiency, and boost revenue.

Questions to ask a vendor when buying PLM Software

1. How much time will it take for the implementation of your PLM software?
2. How does the software help simplify the management of the product lifecycle?
3. Will this solution seamlessly work with the current tools that I already use?
4. Does the system come in with an easy interface? How quickly can a non-tech person get the hang of this software?
5. Will the software change my business processes in any way?
6. Is it easy to alter the system as per my evolving needs? Will I be able to do those changes on my own?
7. Where does the software stand in terms of scalability?
8. Will this solution allow smoother collaboration between teams of different departments?
9. Is this system capable of working efficiently across locations, beyond geographical limits?
10. How does the system help manage suppliers?
11. What are your safety and security measures?
12. What happens if the system breaks down all of a sudden?
13. How do your support services work?
14. Do you have an in-house team to resolve issues?
15. What time does it take for your team to close a service request? Do you have an SLA in place to tackle the same?
16. Who will be my point of contact?
17. How frequent are your software upgrades? What is its procedure?
18. How do you conduct the training?

How much does PLM (Product Lifecycle Management) Software Cost?

Normally, PLM tools may be costly; however, it saves a lot of money and resources for the business in the long run by inducing work efficiency and boosting revenue. Generally, the price may vary from $80 to $150 per month, which may differ according to additional functionality. The price may also differ from vendor to vendor and according to the customization of features.

Conclusion

Product Lifestyle Management Software is an informative and integrated platform that process business system and allows you to manage the product throughout its lifecycle. The software induces efficiency, cost-effectiveness, ideation, design management, and manufacturing efficiency of the product by eliminating any wastage of resources or energy.